How much money did you use to start your business?

[biophase]

My first business I started for $100, the cost was for the domain, hosting and SSL license.
My current business I started with $2000. That was the cost of the first production order.

 

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[The Abundant Man]

 

[Vincent_Vega]

4k€. Business flopped, so I sold it for 2k€.

 

[LiveEntrepreneur]

$0 for my copywriting business. Somewhere between $7k-$8k so far for my pre-launch candle biz.



What if you never do anything and die a broke dreamer full of regrets? I'd rather waste my money finding out for sure than waste my time wondering "what if?"

This is a great way of looking at things. The regret of not trying is greater than the regret of failing, and you only fail if you quit.

 

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[AimForTheMoon]

My businesses have been anywhere from $250 to $3m

 

[artKarolina]

$1k Christmas bonus, $50 to register. Been investing $5-15k cash back into the business every year to get new equipment, experiments to grow it slowly. I would've liked to have more money upfront of course, because it would've been a quicker growth but it worked out anyway. Video production. More importantly, actually had a business plan.

 

[JohnD Realestate]

how much money did you invest in starting up your business? Just curious.

33k I think. Somewhere around there in 2006. RE biz.

Although in reality I was just buying a house to live in. It had 3 apts and this was the only way I could see to afford to live close to NYC and not pay a fortune.

But as the years went by it turned into a biz.


Edit...good question by the way.

It wasn’t my first biz. I sold dictionaries door to door for a company when I was 17. They ripped me off on my fist payday so I found a supplier and copycatted them. I ran out of steam. That was probably 200$ worth of books.

At 23 Had a clothing store started with 5k of opm. Ran out of steam again. 22 years later after working for others I realized that once in a while I need to sit down and refocus.

 

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[Get Right]

My first real business I started literally with one pack of rubber bands. I lacked confidence in myself so I did it the slow way.

I went all-in on my current one. I have built up way more confidence in my ability to succeed primarily from the fine folks here on the forum.

 

[Lenin G.]

Yep! My business idea is a local business magazine, I can advertise 3 times as cheap as competition, im thinking of offering it for free for the first month to attract the businesses and hopefully keep hold of them. I was reading an article that investing money and giving something for free can have postive impacts on a business.

Hey man, so you're planning to get into a business just because you can be the cheapest option?

Have you studied the market a little bit and know if you can scale it properly or just want to see if this product idea has legs?

Now, as a way of training yourself and get your feet wet I'd say give it a go, but if you're planning to grow a serious business from it I think you should be more careful.

The same as some of the other guys that replied I've invested from nothing to several tens of thousands of dollars, but that figure is not that relevant, just make sure you don't break the bank when testing this idea.

Good luck, buddy.

 

[Nigel B]

how much money did you invest in starting up your business? Just curious.

Doesn't matter. Don't risk more than you can afford.

For some people that is $200 for other it is tens of thousands, or more.

Bite the bullet, try it and correct fast - you won't get it right first time - and you won't get it right by trying to second guess everything.

 

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[Andy Black]

€0 of my own actual money to get started. Plenty of unpaid time though.

Clients paid (and still pay) me to provide a service.

They’ve also paid to build my team, processes, and technologies.

 

[samuraijack]

Bout 350.

Jk, more like $6000 which was all my savings at the time in 2016. But my waiter job covered rent so I wasn't too worried.

Now i'm starting to spend around $80,000 every 3-4 months or so for inventory

 

[Ecom man]

Started it with literally $50-$100. I think my first order was for 5 items or something like that lol. Starting is often cheap... it is growing the business that can get real expensive.

 

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[ericaung]

Bump it up! I am also curious ;-)

 

[jimmeboy]

Cost me 1k to start my online business which I sold 5 years later for over a million bucks. What's that? An ROI of 100,000% +.

Best investment I've ever made was in backing myself! Go out and grab your dreams by the balls and enjoy the ride.

 

[MJ DeMarco]

About 900 bucks.

Cost me 1k to start my online business which I sold 5 years later for over a million bucks. What's that? An ROI of 100,000% +.

Best investment I've ever made was in backing myself! Go out and grab your dreams by the balls and enjoy the ride.

Holy shit, is your story here? Congrats man! So much better than sitting around waiting for 8% in the stock market eh?

 

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